With food prices still rising in most parts of the country, it’s easy to understand the appeal of shopping at Trader Joe’s. The grocery chain is considered one of the cheapest stores in the United States, and its amazing selection of products continues to impress fans and draw more and more customers in. However, amid booming sales in 2023, a new report comparing Trader Joe’s prices with prices at other traditional retailers found that Americans aren’t saving as much money as they think when they shop at the Hawaiian-themed grocery store. In fact, we tracked a series of price increases that went into effect in recent weeks, and our research has also found that several Trader Joe’s products are now facing recalls due to the presence of contaminant agents that go from rocks and insects to heavy metals and carcinogenic substances. That’s what we’re going to discuss today. But before moving on, please show us your support with a thumbs up on this video.
As grocery prices continue to increase in many traditional supermarkets, Trader Joe’s is experiencing a notable rise in visits this year. That’s according to data just released by foot traffic research firm Placer.ai. Researchers reported that visits to the specialty grocer are far outpacing those at other food retailers in recent months. The research gives a glimpse into sales metrics at the popular but notoriously quiet.
However, analyses released by consumer trends blogs Eat This, Not That, and Mashed.com revealed that in recent months, Trader Joe’s superfans are seeing some of the biggest price hikes the chain has ever implemented, while portions are shrinking, and several products are being recalled for having dangerous contaminants.
Adding fuel to the fire, last week, Trader Joe’s had its hands full issuing several product recalls after being alerted by its suppliers about foreign materials potentially contaminating its food products.
Also adding pressure on the food retailer this year is the fact that several of its new releases were a total failure. The company’s plant-based egg alternative, Simply Eggless, released in 2022, has been heavily criticized due to some truly unsavory experiences with this “horrifically awful” vegan product, including a “plastic burning smell” during the cooking process and a “rancid oil” taste that quite literally turned customers’ stomachs, according to their comments on Reddit.
Unlike many other major grocers, TJ’s doesn’t offer delivery or pick-up services, does not have online operations, and relies entirely on its physical locations. Rumors that the stores would offer drive-through sample cups of coffee, build in-store restaurants, and adopt a self-checkout system were recently crushed by the company’s president Jon Basalone.
However, its choice to remain offline and be a niche grocer may limit its future, and potential to turn out a profit and stay afloat during the recession. For now, everything seems calm, but a perfect storm for retailers is already on the horizon, and it’s no one can tell for sure what the future may hold.